BMW Vehicle Owner Trust 2025-A
|
||||||
Accrued Interest Date:
|
5/27/25
|
Collection Period Ending:
|
5/31/25
|
|||
Current Payment Date:
|
6/25/25
|
Period:
|
4
|
|||
Balances
|
||||||||||||
Initial
|
Beginning of Period
|
End of Period
|
||||||||||
Pool Balance
|
$
|
1,897,363,700.14
|
$
|
1,627,783,218.22
|
$
|
1,565,422,091.35
|
||||||
Yield Supplement Overcollateralization Amount
|
$
|
102,491,905.06
|
$
|
82,589,995.11
|
$
|
78,107,003.97
|
||||||
Adjusted Pool Balance
|
$
|
1,794,871,795.08
|
$
|
1,545,193,223.11
|
$
|
1,487,315,087.38
|
||||||
Reserve Account
|
$
|
4,487,179.49
|
$
|
4,487,179.49
|
$
|
4,487,179.49
|
||||||
Overcollateralization
|
$
|
44,871,795.08
|
$
|
44,871,794.88
|
$
|
44,871,794.88
|
||||||
Notes
|
Ratio
|
|||||||||||||||
Class A-1 Notes
|
$
|
350,000,000.00
|
$
|
100,321,428.23
|
$
|
42,443,292.50
|
2.9
|
%
|
||||||||
Class A-2a Notes
|
$
|
306,250,000.00
|
$
|
306,250,000.00
|
$
|
306,250,000.00
|
21.2
|
%
|
||||||||
Class A-2b Notes
|
$
|
306,250,000.00
|
$
|
306,250,000.00
|
$
|
306,250,000.00
|
21.2
|
%
|
||||||||
Class A-3 Notes
|
$
|
647,500,000.00
|
$
|
647,500,000.00
|
$
|
647,500,000.00
|
44.9
|
%
|
||||||||
Class A-4 Notes
|
$
|
140,000,000.00
|
$
|
140,000,000.00
|
$
|
140,000,000.00
|
9.7
|
%
|
||||||||
$
|
1,750,000,000.00
|
$
|
1,500,321,428.23
|
$
|
1,442,443,292.50
|
100.0
|
%
|
|||||||||
Reconciliation of Collection Account
|
||||
Available Funds:
|
||||
Available Interest:
|
||||
Interest Collected on Receivables
|
$
|
7,288,738.74
|
||
Servicer Advances
|
178,520.02
|
|||
Servicer Advance Reimbursement
|
163,809.43
|
|||
Administrative Purchase Payment
|
0.00
|
|||
Warranty Purchase Payment
|
9,357.38
|
|||
Recoveries
|
19,596.15
|
|||
Investment Earnings from Reserve Account
|
16,181.73
|
|||
Investment Earnings from Collection Account
|
0.00
|
|||
Total Available Interest
|
$
|
7,348,584.59
|
||
Available Principal:
|
||||
Principal Collection on Receivables
|
||||
Receipts of Scheduled Principal
|
$
|
40,111,274.03
|
||
Receipts of Pre-Paid Principal
|
21,755,494.28
|
|||
Liquidation Proceeds
|
0.00
|
|||
Administrative Purchase Payment
|
0.00
|
|||
Warranty Purchase Payment
|
494,358.56
|
|||
Total Available Principal
|
$
|
62,361,126.87
|
||
Advances from the Reserve Account
|
$
|
0.00
|
||
Release from the Reserve Fund Account
|
$
|
0.00
|
||
Total Available Funds
|
$
|
69,709,711.46
|
||
Distributions:
|
||||
Servicing Fees
|
$
|
1,356,486.02
|
||
Non-recoverable Servicer Advance Reimbursement
|
9,858.40
|
|||
Noteholder's Accrued and Unpaid Interest
|
5,630,650.55
|
|||
First Priority Principal Distribution Amount to Noteholders
|
13,006,340.85
|
|||
Reserve Account Deposit to achieve the Specified Reserve Account Balance
|
0.00
|
|||
Regular Principal Distributable Amount to Noteholders
|
44,871,794.88
|
|||
Amounts paid to Indenture Trustee, Owner Trustee and Asset
|
0.00
|
|||
Representations Reviewer (subject to annual cap)
|
||||
Amounts paid to Indenture Trustee, Owner Trustee and Asset
|
0.00
|
|||
Representations Reviewer (not subject to annual cap)
|
||||
Certificate Distribution Account (any remaining payments)
|
4,834,580.76
|
|||
Total Distributions
|
$
|
69,709,711.46
|
||
Monthly Period Receivables Principal Balance Calculation
|
||||
Beginning Receivable Principal Balance
|
$
|
1,627,783,218.22
|
||
Monthly Principal Received
|
||||
Regular Principal Received
|
$
|
40,111,274.03
|
||
Prepaid Principal Received
|
21,755,494.28
|
|||
Liquidation Proceeds
|
0.00
|
|||
Principal Balance Allocable to Gross Charge-offs
|
0.00
|
|||
Principal Portion of Repurchased Receivables
|
494,358.56
|
|||
Total Monthly Principal Amounts
|
$
|
62,361,126.87
|
||
Ending Receivable Principal Balance
|
$
|
1,565,422,091.35
|
||
Payments to Indenture Trustee, Owner Trustee and Asset Representations Reviewer
|
||||
Indenture Trustee
|
||||
Amount due and payable to Indenture Trustee before giving effect to
|
-
|
|||
payments on current Payment Date:
|
||||
Amount due and payable to Indenture Trustee after giving effect to
|
0.00
|
|||
payments on current Payment Date:
|
||||
Owner Trustee
|
||||
Amount due and payable to Owner Trustee before giving effect to
|
-
|
|||
payments on current Payment Date:
|
||||
Amount due and payable to Owner Trustee after giving effect to
|
0.00
|
|||
payments on current Payment Date:
|
||||
Asset Representations Reviewer Trustee
|
||||
Amount due and payable to Asset Representations Reviewer before
|
-
|
|||
giving effect to payments on current Payment Date:
|
||||
Amount due and payable to Asset Representations Reviewer after
|
0.00
|
|||
giving effect to payments on current Payment Date:
|
||||
Distributions
|
||||||||||||
Interest Distributable Amount
|
Interest Rate
|
Current Payment
|
Per $1,000
|
|||||||||
Class A-1 Notes
|
4.40100
|
%
|
$
|
355,664.54
|
1.02
|
|||||||
Class A-2a Notes
|
4.43000
|
%
|
$
|
1,130,572.92
|
3.69
|
|||||||
Class A-2b Notes
|
4.62197
|
%
|
$
|
1,140,246.42
|
3.72
|
|||||||
Class A-3 Notes
|
4.56000
|
%
|
$
|
2,460,500.00
|
3.80
|
|||||||
Class A-4 Notes
|
4.66000
|
%
|
$
|
543,666.67
|
3.88
|
|||||||
$
|
5,630,650.55
|
|||||||||||
Monthly Principal Distributable Amount
|
Beginning Balance
|
Current Payment
|
Ending Balance
|
Per $1,000
|
Note Factor
|
|||||||||||||||
Class A-1 Notes
|
$
|
100,321,428.23
|
$
|
57,878,135.73
|
$
|
42,443,292.50
|
165.37
|
0.12
|
||||||||||||
Class A-2a Notes
|
$
|
306,250,000.00
|
-
|
$
|
306,250,000.00
|
0.00
|
1.00
|
|||||||||||||
Class A-2b Notes
|
$
|
306,250,000.00
|
-
|
$
|
306,250,000.00
|
0.00
|
1.00
|
|||||||||||||
Class A-3 Notes
|
$
|
647,500,000.00
|
-
|
$
|
647,500,000.00
|
0.00
|
1.00
|
|||||||||||||
Class A-4 Notes
|
$
|
140,000,000.00
|
-
|
$
|
140,000,000.00
|
0.00
|
1.00
|
|||||||||||||
1,500,321,428.23
|
57,878,135.73
|
1,442,443,292.50
|
||||||||||||||||||
Carryover Shortfalls
|
||||||||||||
Prior Period Carryover
|
Current Payment
|
Per $1,000
|
||||||||||
Class A-1 Interest Carryover Shortfall
|
-
|
-
|
-
|
|||||||||
Class A-2a Interest Carryover Shortfall
|
-
|
-
|
-
|
|||||||||
Class A-2b Interest Carryover Shortfall
|
-
|
-
|
-
|
|||||||||
Class A-3 Interest Carryover Shortfall
|
-
|
-
|
-
|
|||||||||
Class A-4 Interest Carryover Shortfall
|
-
|
-
|
-
|
|||||||||
Yield Supplement Overcollateralization Amount
|
||||
Previous Distribution Date Required Amount
|
82,589,995.11
|
|||
Beginning Period Amount
|
82,589,995.11
|
|||
Current Distribution Date Required Amount
|
78,107,003.97
|
|||
Current Period Release
|
4,482,991.14
|
|||
Ending Period Amount
|
78,107,003.97
|
|||
Reserve Account
|
||||
Beginning Period Required Amount
|
$
|
4,487,179.49
|
||
Beginning Period Amount
|
4,487,179.49
|
|||
Net Investment Earnings
|
16,181.73
|
|||
Current Period Deposit Amount Due
|
0.00
|
|||
Reserve Fund Draw Amount
|
0.00
|
|||
Ending Period Required Amount
|
4,487,179.49
|
|||
Release to Depositor
|
16,181.73
|
|||
Ending Period Amount
|
$
|
4,487,179.49
|
||
Overcollateralization
|
||||
Beginning Period Overcollateralization Amount
|
$
|
44,871,794.88
|
||
Target Overcollateralization Amount
|
$
|
44,871,794.88
|
||
Ending Period Over Collateralization Amount
|
$
|
44,871,794.88
|
||
Current Period Release
|
$
|
0.00
|
||
Receivables Data
|
||||||||
Beginning Period
|
Ending Period
|
|||||||
Number of Receivables
|
44,834
|
43,820
|
||||||
Weighted Average Remaining Term
|
49.55
|
48.72
|
||||||
Weighted Average Annual Percentage Rate
|
5.43
|
%
|
5.44
|
%
|
||||
Delinquencies as of the end of the Current Period
|
Units
|
Dollar Amount
|
% of Ending Rec Prin Bal
|
|||||||||
30-59 Days
|
87
|
$
|
4,383,175.74
|
0.28
|
%
|
|||||||
60-89 Days
|
28
|
1,752,483.72
|
0.11
|
%
|
||||||||
90-119 Days
|
6
|
232,552.62
|
0.01
|
%
|
||||||||
120+ Days
|
3
|
217,524.52
|
0.01
|
%
|
||||||||
Total 30+ Days Past Due as of the end of the current period
|
124
|
$
|
6,585,736.60
|
0.42
|
%
|
|||||||
Total 60+ Days Past Due as of the end of the current period
|
37
|
$
|
2,202,560.86
|
0.14
|
%
|
|||||||
Delinquencies as of the end of prior periods
|
||||
Total 30+ Days Past Due as of the end of the prior period
|
0.39
|
%
|
||
Total 30+ Days Past Due as of the end of the 2nd preceding period
|
0.36
|
%
|
||
Total 30+ Days Past Due as of the end of the 3rd preceding period
|
0.31
|
%
|
||
Repossessions
|
Units
|
Dollar Amount
|
||||||
Beginning Period Repossessed Receivables Balance
|
11
|
458,670.53
|
||||||
Ending Period Repossessed Receivables Balance
|
20
|
1,133,007.80
|
||||||
Principal Balance of 90+ Day Repossessed Vehicles
|
1
|
5,962.71
|
||||||
Write-offs as of the end of the Current Period
|
Units
|
Dollar Amount
|
||||||
Gross Principal Write-offs
|
0
|
0.00
|
||||||
Recoveries
|
9
|
19,596.15
|
||||||
Net Write-Offs
|
-19,596.15
|
|||||||
Cumulative Net Write-offs
|
2
|
-$
|
14,301.90
|
|||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.00
|
%
|
||||||
Charge Off Rate **
|
0.00
|
%
|
||||||
Avg of Net Write-offs ***
|
-$
|
7,150.95
|
||||||
Historical Loss Information
|
||||||||
Write-offs as of the end of the Prior Period
|
Units
|
Dollar Amount
|
||||||
Gross Principal Write-offs
|
1
|
7,084.31
|
||||||
Recoveries
|
1
|
4,787.08
|
||||||
Net Write-Offs
|
2,297.23
|
|||||||
Cumulative Net Write-offs
|
2
|
$
|
5,294.25
|
|||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.00
|
%
|
||||||
Charge Off Rate **
|
0.00
|
%
|
||||||
Avg of Net Write-offs ***
|
$
|
2,647.13
|
||||||
Write-offs as of the end of the 2nd Preceding Period
|
Units
|
Dollar Amount
|
||||||
Gross Principal Write-offs
|
0
|
0.00
|
||||||
Recoveries
|
1
|
2,716.40
|
||||||
Net Write-Offs
|
-2,716.40
|
|||||||
Cumulative Net Write-offs
|
1
|
$
|
2,997.02
|
|||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.00
|
%
|
||||||
Charge Off Rate **
|
0.00
|
%
|
||||||
Avg of Net Write-offs ***
|
$
|
2,997.02
|
||||||
Write-offs as of the end of the 3rd Preceding Period
|
Units
|
Dollar Amount
|
||||||
Gross Principal Write-offs
|
1
|
5,713.42
|
||||||
Recoveries
|
0
|
0.00
|
||||||
Net Write-Offs
|
5,713.42
|
|||||||
Cumulative Net Write-offs
|
1
|
$
|
5,713.42
|
|||||
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.00
|
%
|
||||||
Charge Off Rate **
|
0.00
|
%
|
||||||
Avg of Net Write-offs ***
|
$
|
5,713.42
|
||||||
*Ratio of Cumulative Net Write-offs to Avg Portfolio Balance is calculated by dividing the Cumulative Net Write-offs for the period
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
by the Avg Portfolio Balance for the period.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Avg Portfolio Balance for a period is equal to the average of the Beginning Receivable Principal Balance and the Ending Receivable
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Principal Balance for such period.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
**Charge Off Rate is calculated by dividing Cumulative Net Write-offs by initial Pool Balance as of the Cut-off Date.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
*** Average of Net Write-offs is calculated by dividing Cumulative Net Write-offs by the aggregate number of Receivables
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
that have experienced a net write-off.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||